Taxable incomeTaxable income is that income which is subject to an income tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions. The amounts included as income, expenses, and other deductions vary by country or system. Many systems provide that some types of income are not taxable (sometimes called non-assessable income) and some expenditures not deductible in computing taxable income.
United StatesCountry primarily in North AmericaThe United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean.
United KingdomCountry in northwestern EuropeThe United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in northwestern Europe, off the coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland, with a population of over 69 million in 2024.IncomeIncome is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law.
Progressive taxHigher tax on richer sources Rough estimation of average tax rates by income groups in France, the United Kingdom, and the United States, 1970 (left) and 2005 (right). It implies that in these respective countries, taxes were more progressive in 1970 than in 2005. A progressive tax is a tax in which the tax rate increases as the taxable amount increases.
SwedenCountry in northern EuropeSweden, formally the Kingdom of Sweden, is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east, and shares a maritime border with Denmark to the south. At 450,295 square kilometres (173,860 sq mi) and with a population of 10.6 million, Sweden is the largest and most populous Nordic country, and is the fifth-largest country in Europe.
Corporate taxA corporate tax, also called corporation tax or company tax or corporate income tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax.
NorwayCountry in northern Europe Kingdom of NorwayKongeriket Norge (Bokmål)Kongeriket Noreg (Nynorsk) (in other official languages) Northern Sami:Norgga gonagasriikaLule Sami:Vuona gånågisrijkkaSouthern Sami:Nöörjen gånkarïjhkeKven:Norjan kuninkhaanvaltakunta Flag Coat of arms Anthem: Ja, vi elsker dette landet(English: "Yes, we love this country")Royal anthem: Kongesangen(English: "King's Song") Show globeShow map of EuropeShow overseas territories and dependenciesLocation of the Kingdom of Norway (green)in Europe (green and dark grey)Capitaland largest cityOslo59°56′N 10°41′E / 59.933°N 10.683°E / 59.933; 10.683Official languagesNorwegianSámiRecognised national sign languagesNorwegian Sign LanguageRecognised national minority languagesKvenRomaniScandoromaniEthnic groups (2025) 78.6% Norwegian 21.4% others Religion (2024)68.5% Christianity 61.7% Church of Norway 6.8% other Christian 27.3% no religion3.4% Islam0.8% otherDemonymNorwegianGovernmentUnitary parliamentary constitutional monarchy• Monarch Haakon VIII• Prime Minister Jonas Gahr Støre• President of the Storting Masud Gharahkhani• Chief Justice Toril Marie Øie LegislatureStortingUnification of the petty kingdoms• State established 872• Peak extent of the Old Kingdom 1263• Kalmar Union (personal union) 1397• Denmark–Norway (real union) 1524• State re-established 25 February 1814• Constitution 17 May 1814• Kingdoms of Sweden–Norway (personal union) 4 November 1814• Union dissolved 7 June 1905 Area • Total385,207 km2 (148,729 sq mi) (61sta)• Water (%)5.32 (2015)Population• 2026 Q2 estimate 5,633,770 (116th)• Density14.6/km2 (37.8/sq mi) (224th)GDP (PPP)2026 estimate• Total $654.160 billion (49th)• Per capita $115,548 (5th)GDP (nominal)2026 estimate• Total $599.406 billion (30th)• Per capita $105,877 (6th)Gini (2020) 25.3low inequalityHDI (2023) 0.970very high (2nd)CurrencyNorwegian krone (NOK)Time zoneUTC+1 (CET)• Summer (DST)UTC+2 (CEST)Date formatdd.mm.yyyyCalling code+47ISO 3166 codeNOInternet TLD.nob Includes the mainland, Svalbard and Jan Mayen.
Chancellor of the ExchequerLead minister of His Majesty's TreasuryThe chancellor of the exchequer (formally chancellor and under treasurer of His Majesty’s exchequer), often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet.
Prime ministerA prime minister, also known as a chief of cabinet, chief minister, first minister, minister-president or premier, is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but rather the head of government, serving as the chief of the executive under either a monarch or a president in a republican form of government.
FinlandCountry in Northern EuropeFinland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, opposite Estonia. Its capital and largest city is Helsinki. Finland has a population of 5.7 million.
TaxCompulsory contribution to state revenueSpecial:Search/Income taxRelated word or term.
United StatesCountry primarily in North AmericaThe United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean.United KingdomCountry in northwestern EuropeThe United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in northwestern Europe, off the coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland, with a population of over 69 million in 2024.IncomeIncome is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law.Progressive taxHigher tax on richer sources Rough estimation of average tax rates by income groups in France, the United Kingdom, and the United States, 1970 (left) and 2005 (right). It implies that in these respective countries, taxes were more progressive in 1970 than in 2005. A progressive tax is a tax in which the tax rate increases as the taxable amount increases.SwedenCountry in northern EuropeSweden, formally the Kingdom of Sweden, is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east, and shares a maritime border with Denmark to the south. At 450,295 square kilometres (173,860 sq mi) and with a population of 10.6 million, Sweden is the largest and most populous Nordic country, and is the fifth-largest country in Europe.Corporate taxA corporate tax, also called corporation tax or company tax or corporate income tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax.NorwayCountry in northern Europe Kingdom of NorwayKongeriket Norge (Bokmål)Kongeriket Noreg (Nynorsk) (in other official languages) Northern Sami:Norgga gonagasriikaLule Sami:Vuona gånågisrijkkaSouthern Sami:Nöörjen gånkarïjhkeKven:Norjan kuninkhaanvaltakunta Flag Coat of arms Anthem: Ja, vi elsker dette landet(English: "Yes, we love this country")Royal anthem: Kongesangen(English: "King's Song") Show globeShow map of EuropeShow overseas territories and dependenciesLocation of the Kingdom of Norway (green)in Europe (green and dark grey)Capitaland largest cityOslo59°56′N 10°41′E / 59.933°N 10.683°E / 59.933; 10.683Official languagesNorwegianSámiRecognised national sign languagesNorwegian Sign LanguageRecognised national minority languagesKvenRomaniScandoromaniEthnic groups (2025) 78.6% Norwegian 21.4% others Religion (2024)68.5% Christianity 61.7% Church of Norway 6.8% other Christian 27.3% no religion3.4% Islam0.8% otherDemonymNorwegianGovernmentUnitary parliamentary constitutional monarchy• Monarch Haakon VIII• Prime Minister Jonas Gahr Støre• President of the Storting Masud Gharahkhani• Chief Justice Toril Marie Øie LegislatureStortingUnification of the petty kingdoms• State established 872• Peak extent of the Old Kingdom 1263• Kalmar Union (personal union) 1397• Denmark–Norway (real union) 1524• State re-established 25 February 1814• Constitution 17 May 1814• Kingdoms of Sweden–Norway (personal union) 4 November 1814• Union dissolved 7 June 1905 Area • Total385,207 km2 (148,729 sq mi) (61sta)• Water (%)5.32 (2015)Population• 2026 Q2 estimate 5,633,770 (116th)• Density14.6/km2 (37.8/sq mi) (224th)GDP (PPP)2026 estimate• Total $654.160 billion (49th)• Per capita $115,548 (5th)GDP (nominal)2026 estimate• Total $599.406 billion (30th)• Per capita $105,877 (6th)Gini (2020) 25.3low inequalityHDI (2023) 0.970very high (2nd)CurrencyNorwegian krone (NOK)Time zoneUTC+1 (CET)• Summer (DST)UTC+2 (CEST)Date formatdd.mm.yyyyCalling code+47ISO 3166 codeNOInternet TLD.nob Includes the mainland, Svalbard and Jan Mayen.Chancellor of the ExchequerLead minister of His Majesty's TreasuryThe chancellor of the exchequer (formally chancellor and under treasurer of His Majesty’s exchequer), often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet.Prime ministerA prime minister, also known as a chief of cabinet, chief minister, first minister, minister-president or premier, is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but rather the head of government, serving as the chief of the executive under either a monarch or a president in a republican form of government.FinlandCountry in Northern EuropeFinland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, opposite Estonia. Its capital and largest city is Helsinki. Finland has a population of 5.7 million.TaxCompulsory contribution to state revenueSpecial:Search/Income taxRelated word or term.*As an Amazon Associate I earn from qualifying purchases.